Market Report - College Park 30349 Single Family Homes

Market Report - College Park 30349 Single Family Homes - 2011 vs 2010

College Park is a suburban city minutes south of downtown Atlanta and home to Hartsfield Jackson International Airport.  College Park has been hard hit with foreclosures, and the year to date numbers point to another grim year for the College Park real estate market for sales of single family homes.

Market Report - College Park 30349 Single Family Homes - 2011 vs 2010

The number of closed sales year to date in 2011 are down by 3.0% from the number of closed sales in 2010.  826 single family homes in College Park have closed this year compared to 856 in 2010 for the same time period.  These numbers are not so alarming.

Market Report - College Park 30349 Single Family Homes - 2011 vs 2010

The closed sales volume for single family homes in College Park in 2011 is down by a whopping 27.5% from this the year to date closed sales volume in 2010.  Incredible lost of value for single family homes in College Park 30349.  Investors are taking advantage of dramatic drop in value and opportunities for rental properties.  College Park had a huge upswing in new construction during the boom years of 2005 to 2007, and now the tide continues to reverse.  Too many buyers in properties they could not afford.

Market Report - College Park 30349 Single Family Homes - 2011 vs 2010

And both of the stats point to a decrease in the average sales price year to date - $81,900 in 2011 compared to $101,375 in 2010.  College Park 30349 continues to be a huge bargain for buyers looking in metro Atlanta.  One of the best private schools in the world - Woodward Academy - is located in College Park.

For more information on College Park real estate, please call 404 246 3210 or 404 923 4210.  Thank you!

NOTE: Data source is GA MLS.  All information deemed reliable but not guaranteed.